Basic Staff Training: Auditing for Corruption

Author: Robert K Minniti

CPE Credit:  2 hours for CPAs

That day we all worry about has finally arrived and your client notifies you they had a tip about corruption in their organization, or you or one of your fellow auditors discovered some unusual transactions or events that could be indicators of corruption within your client’s organization. As an auditor are you ready to plan and perform an audit to investigate possible corruption? Whether you are a new auditor or just need a refresher on this topic this course is for you. We will review steps for planning an investigation for corruption, including reviewing the different types of corruption, the red flags for corruption, and audit steps you can take to help uncover corruption.

From an audit procedure standpoint this session will also focus on the techniques and documentation needs that an auditor needs to know. In addition, the session will offer practical advice to the auditor on conducting an audit for corrupt practices.

Publication Date: February 2020

Topics Covered

  • A Review of Corruption
  • Red Flags for Corruption
  • Auditing for Corruption: Relying on Internal Auditors Work
  • Audit Procedures for Finding Corruption

Learning Objectives

  • Identify red flags for corruption
  • Identify audit procedures for conducting an audit for corruption
  • Recognize types of occupational frauds occurred most frequently according to the ACFE's 2016 Report to the Nations on Occupational Fraud and Abuse
  • Identify employees in which department are most likely to be involved in a corruption scheme
  • Identify which Act made pretexting illegal
  • Recognize which type of evidence is most likely to be found on a computer
  • Identify parts of the Fraud Triangle
  • Recognize what does not require intent
  • Identify red flags for corruption
  • Describe types of corruption

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
None

Advance Preparation
None

Registration Options
Quantity
Fees
Regular Fee $59.00

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